exercise price is 1.25 per share. each right can exercise into 1.388422 shares. the rights and the common shares are now flucuating together depending on if the common shares are higher or not. the common shares came off due to rights beginning of trade and some calcs as to what they are worth once the rights are free trading. those that sold/bouhgt rights at 0.90 or at 1.83 assumed certain things like trying to trade the rights or trying to see if it is a good deal as to where the common shares are going and deem the rights price a good deal.